Alibaba Group (NYSE:BABA) Given New $200.00 Price Target at CLSA

Alibaba Group (NYSE:BABA) had its price objective raised by CLSA from $155.00 to $200.00 in a report released on Thursday, Marketbeat.com reports. CLSA currently has an outperform rating on the specialty retailer’s stock.

A number of other equities research analysts have also commented on BABA. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Wednesday, September 3rd. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Jefferies Financial Group raised their target price on shares of Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Finally, Barclays raised their target price on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $181.88.

Alibaba Group Trading Up 3.6%

Shares of NYSE:BABA opened at $189.38 on Thursday. Alibaba Group has a 12 month low of $80.06 and a 12 month high of $192.67. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $139.30 and its 200 day simple moving average is $125.85. The firm has a market cap of $451.50 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.11 and a beta of 0.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BABA. Brighton Jones LLC grew its position in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Alibaba Group by 13,483.0% during the 1st quarter. GAMMA Investing LLC now owns 19,967 shares of the specialty retailer’s stock worth $2,640,000 after buying an additional 19,820 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Alibaba Group by 21.7% during the 1st quarter. Merit Financial Group LLC now owns 10,661 shares of the specialty retailer’s stock worth $1,410,000 after buying an additional 1,903 shares during the period. RFG Advisory LLC bought a new stake in shares of Alibaba Group during the 1st quarter worth about $643,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Alibaba Group during the 1st quarter worth about $324,000. Institutional investors own 13.47% of the company’s stock.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.